Financial Report: April 2024
In this financial update for Livepeer.Cloud SPE, we've published a detailed breakdown of our budget and show that it has been used in full alignment with the approved SPE Treasury Proposal.
Summary of Spend
- Total Spend: Every line item in our proposed budget has been published here as actual spend, ensuring full accountability. As shown, the total amount approved for the SPE has been allocated to its intended purpose. The data provided represents actual spend as of April 30, 2024.
- Livepeer Gateway: These funds represent the allocations made to set up and run the gateway. This includes the necessary reserve and deposit to pay Orchestrators for work completed.
- Infrastructure: We've met our goals of providing quality and performance at a low monthly cost.
- Operations: Initial spend in this category is expected to be higher during the launch period and reduce to a steady state after month three of operations.
- Development, Documentation, Testing: Even though we've spent less than what's common in the industry, we've succeeded in developing, documenting, and testing our services, showing our commitment to value for the community.
